Gallacher Capital Management LLC Has $464,000 Holdings in Equinor ASA (NYSE:EQNR)

Gallacher Capital Management LLC increased its holdings in Equinor ASA (NYSE:EQNR) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,581 shares of the company’s stock after purchasing an additional 518 shares during the period. Gallacher Capital Management LLC’s holdings in Equinor ASA were worth $464,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Manchester Capital Management LLC bought a new stake in shares of Equinor ASA during the 4th quarter worth about $33,000. Synergy Asset Management LLC bought a new stake in Equinor ASA during the fourth quarter worth approximately $36,000. R Squared Ltd bought a new stake in Equinor ASA during the fourth quarter worth approximately $48,000. Brooklyn Investment Group bought a new stake in Equinor ASA during the fourth quarter worth approximately $61,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Equinor ASA by 325.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,944 shares of the company’s stock worth $92,000 after buying an additional 3,016 shares during the period. 5.51% of the stock is currently owned by institutional investors.

Equinor ASA Stock Up 2.1 %

Shares of EQNR stock opened at $24.28 on Friday. The stock has a market cap of $67.81 billion, a P/E ratio of 7.81, a price-to-earnings-growth ratio of 0.58 and a beta of 0.79. Equinor ASA has a one year low of $21.85 and a one year high of $29.32. The stock has a fifty day moving average price of $23.93 and a 200 day moving average price of $24.22. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. Analysts predict that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.35 per share. The ex-dividend date was Friday, February 14th. This represents a $1.40 annualized dividend and a dividend yield of 5.77%. Equinor ASA’s dividend payout ratio (DPR) is presently 37.30%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EQNR. Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. Hsbc Global Res upgraded shares of Equinor ASA to a “strong-buy” rating in a report on Monday, February 10th. Danske upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Nordea Equity Research upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Pareto Securities raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.45.

About Equinor ASA

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.